Deals
EOH Jumps Most on Record on Plans to Sell Non-Core Assets
- Van Coller plans to raise about 1 billion rand with disposals
- Cash generated from sales to flatten company debts, CEO says
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EOH Holdings Ltd. climbed the most on record as the South African technology firm announced plans to sell non-core businesses to generate about 1 billion rand ($71 million) to quash its debts.
The Johannesburg-based company will organize its operations into four units and will sell assets that don’t fit into the new structure, it said in a statement Tuesday.